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Feb 18, 2013
02/13
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most eu countries including eu and france support bonus curves holing banks to a one to one bonuses salary ratio. the newspaper says the uk has suggested an alternative proposal that bans cash bonuses exceeding salaries. but still, a pretty extraordinary development as it moves forward the. >> yeah. meanwhile, being a part of europe, for most britains, a new poll reveals that only one in three british citizens would vote to stay in the eu. the conservative ruling british government last night promised to hold a referendum on the matter in 2017. and the troubles amounting to the spanish flagship airline iberia is likely to cause widespread chaos and cost the airline millions. the strike begins tonight. 70,000 passengers are likely to be affected, piling further pressure on the nation's already struggling tourist industry. iberia report a loss of 25 2 million euros during the first nine months of 2012. >>> francesca is still with us. we want to get your thoughts on a km of themes here. i know we've been talking about the eu, we've did you discussed how you see the euro special being a headwi
most eu countries including eu and france support bonus curves holing banks to a one to one bonuses salary ratio. the newspaper says the uk has suggested an alternative proposal that bans cash bonuses exceeding salaries. but still, a pretty extraordinary development as it moves forward the. >> yeah. meanwhile, being a part of europe, for most britains, a new poll reveals that only one in three british citizens would vote to stay in the eu. the conservative ruling british government last...
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Feb 28, 2013
02/13
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it's not automatic because it still needs be effectively signed off by eu heads of state or eu finance ministers. as it's laid out, the european parliament in conjunction has decided this is what's going to happen. it is the far restricted cap on bonuses in the banking sector anywhere in the world. >> and london can't opt out, it sounds like. >> though. >> so if this moves forward -- i don't know what other levage, at a time when the uk is talking about renegotiating its rip with the european union. this seems like one area where it comes into focus. >> and it still has to be officially signed off. but at the moment, that's what's laid out. >> i just wonder if mayor bloomberg in new york is going, yeah, go ahead, guys. guys, if you want your bonus, you can come right over here. >> they're all looking at this thinking, this is good for pus. >> the other story we're following this morning is the sequester. fitch has said it could prompt negative ratings action. not because of the sequester itself necessarily, but because of the politics and the way it was handled. head to cnbc.com to rea
it's not automatic because it still needs be effectively signed off by eu heads of state or eu finance ministers. as it's laid out, the european parliament in conjunction has decided this is what's going to happen. it is the far restricted cap on bonuses in the banking sector anywhere in the world. >> and london can't opt out, it sounds like. >> though. >> so if this moves forward -- i don't know what other levage, at a time when the uk is talking about renegotiating its rip...
WHUT (Howard University Television)
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Feb 7, 2013
02/13
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they cannot afford any cut in revenue from the eu. northern european nations are close to the uk position. the french suggest david cameron may have to back down a bit. >> a compromise is possible, but we must be reasonable, so we need to reason with those who want to cut the eu budget. >> one of the front lines in the battle of the budget is here at the european union -- european commission. the cost of running the european union is actually a relatively small part of overall spending, yet some governments say that staff numbers and salaries must be cut here in order to reduce that spending. some eu workers went on strike this weekend against that idea. they point out the ee you is being asked by its members to do more with potentially less money -- the eu is being asked by its members to do more with potentially less money. >> i am george alagiah. the top stories this hour -- a black day for australian sport. widespread doping is uncovered, as well as allegations of match fixing. we are going to stay with that story. with me is an a
they cannot afford any cut in revenue from the eu. northern european nations are close to the uk position. the french suggest david cameron may have to back down a bit. >> a compromise is possible, but we must be reasonable, so we need to reason with those who want to cut the eu budget. >> one of the front lines in the battle of the budget is here at the european union -- european commission. the cost of running the european union is actually a relatively small part of overall...
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Feb 19, 2013
02/13
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they barred north korea banks from opening new branches in the eu. they banned be export and imports of components that could be used in ballistic missiles including certain types of aluminum. they put a satellite into orbit. >>> chinese officials have taken over management of a port in pakistan. officials from a chinese state run firm akwared the right to control gwadar port. it lies near the strait of hormuz. pakistani president and chinese ambassador attended a handover ceremony in the capital islamabad. it imports most of its crude oil from the gulf. >> it gives new importance to pakistan-china relations. it takes a step further into the realm of economic cooperation. the chinese ambassador says much of asia remains unstable. he said they must take advantage when they see openings. >> under this new situation, china-pakistan should work more closely to seize opportunities and to meet challenges. >> chinese companies were solved in a series of port projects in myanmar. the entrance into pakistan has raised concerns among leaders in neighboring ind
they barred north korea banks from opening new branches in the eu. they banned be export and imports of components that could be used in ballistic missiles including certain types of aluminum. they put a satellite into orbit. >>> chinese officials have taken over management of a port in pakistan. officials from a chinese state run firm akwared the right to control gwadar port. it lies near the strait of hormuz. pakistani president and chinese ambassador attended a handover ceremony in...
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Feb 22, 2013
02/13
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we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back markets in italy. hans, as we edge closer to that event, polls open sunday and they close on monday. we've seen the two-day sell off. is it related to the outcome here? >> well, i think the italian election has had an impact on market performance for the past few weeks. i guess that markets became much more cautious in investing in the debt market in italy and maybe as well as the debt market in spain, the cause of the potential inflation risk here. now, if we are getting an election result which markets may like, then the very clear majority left and under those circums
we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back...
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Feb 14, 2013
02/13
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the eu -- not eu. i keep saying eu. eurozone, sorry, my apologies, fourth quarter gdp number minus 0.6%, points to about an annual contraction of around 0.5% if my numbers are right. portuguese annual quality around 1.8% quarter on quarter. 1.9% in the third quarter. the year on year, 3.8%. again, that is worse than expected. >> well, because, again, to annualize these figures, and this is what i'm used to looking.1.8% on the quarter points to something like 6.7% annualized pace. it's a really deep decline. >> meanwhile, did we mention this? greece's economy, unemployment rate sitting 27% as of november. >>> so with those numbers, let's get out to jens nordic. we are just seeing euro/dollar to 1.3340. we hit a little weaker than this, 1.3 25, somewhere around there. where -- and dollar index is at a one-month high. do these gdp numbers matter for the future direction of the euro? because a lot of people are pointed to do pmi and the ifo signaling the worst is behind us. >> i think they actually do matter. i think we're
the eu -- not eu. i keep saying eu. eurozone, sorry, my apologies, fourth quarter gdp number minus 0.6%, points to about an annual contraction of around 0.5% if my numbers are right. portuguese annual quality around 1.8% quarter on quarter. 1.9% in the third quarter. the year on year, 3.8%. again, that is worse than expected. >> well, because, again, to annualize these figures, and this is what i'm used to looking.1.8% on the quarter points to something like 6.7% annualized pace. it's a...
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Feb 17, 2013
02/13
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and we want to recognize each other as independent countries that want to be a part of nato and the eu. >> one of the biggest criticisms of the government spends too much time on politics and not enough addressing the day-to-day economic reality of the people. kind ofrows up, what kosovo will she see? for now, she's just looking forward to a good party. >> today, i am 5. how happy i am. may it live for ever, independence. paul brennan, al-jazeera, kosovo. >> it has been a cold, snowy winter, but this is the perfect time to surf. it brings in a swell for wave riders. we have the story. a trip to the beach in the middle of a south korean winter would not encourage it to her car -- a common sense response -- stay out of the water. unless you are one of a growing band of highly enthusiastic in the area. he has been serving for more than 10 years and years now i coast -- a coach. >> in the summer coming you can swim. there are loads of other things you can do. the waves are
and we want to recognize each other as independent countries that want to be a part of nato and the eu. >> one of the biggest criticisms of the government spends too much time on politics and not enough addressing the day-to-day economic reality of the people. kind ofrows up, what kosovo will she see? for now, she's just looking forward to a good party. >> today, i am 5. how happy i am. may it live for ever, independence. paul brennan, al-jazeera, kosovo. >> it has been a...
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Feb 7, 2013
02/13
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. >> british prime minister david cameron wants the eu to mend what he sees as its wasteful ways. he made his point by arriving on foot, not in a chauffeur-driven limousine. he went into the talks in a bullish mood. >> the numbers that were put forward were much too high. they need to come down, and if they do not, a to be a done deal. >> that puts him on a collision course with many other eu leaders who argue the block needs a $1 trillion budget to fight unemployment, fund education and training and invest in the future. >> i of europe goes for compromise at any cost and puts common policies, agriculture, and growth at risk as a result, i will oppose it. >> with opinions so clearly divided, german chancellor angela merkel was keen to play down the differences and talk up the prospects of reaching agreement. >> the starting positions are quite far apart. but speaking for germany, i say we will do everything we can to come to an agreement. because in times of uncertainty and high unemployment, it is essential for people to be able to plan their future. >> it is about politics, not
. >> british prime minister david cameron wants the eu to mend what he sees as its wasteful ways. he made his point by arriving on foot, not in a chauffeur-driven limousine. he went into the talks in a bullish mood. >> the numbers that were put forward were much too high. they need to come down, and if they do not, a to be a done deal. >> that puts him on a collision course with many other eu leaders who argue the block needs a $1 trillion budget to fight unemployment, fund...
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Feb 8, 2013
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the eu budgets, 1% more, 1% less. i think what does matter is that they take home a victory from brussels saying we have austerity here. it gets them a few points in the uk prep. but beyond that, i'm not quite sure how much impact it will have on the european economy. >> okay. stay there. julia is ready, as well. julia, is this a victory for the british prime minister? >> well, it's interesting, isn't it? if we get an eu budget of 960 billion euros, then yes, it's a long-term cut. arguably, we can walk away and say we got what we asked for. the question is what happens with the eu contributions? do we still walk away with our rebates, too? we are starting to see information filtering through now. the italians on a growth income national basis, they're the highest contributors. they're probably happy with the latest contribution. the dutch are set to lose a third of their rebate. so the question is, in this tit for tat world that we have here in brussels, what would appease them? they have been arguing for cuts to the
the eu budgets, 1% more, 1% less. i think what does matter is that they take home a victory from brussels saying we have austerity here. it gets them a few points in the uk prep. but beyond that, i'm not quite sure how much impact it will have on the european economy. >> okay. stay there. julia is ready, as well. julia, is this a victory for the british prime minister? >> well, it's interesting, isn't it? if we get an eu budget of 960 billion euros, then yes, it's a long-term cut....
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Feb 5, 2013
02/13
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we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that's a bump in the road or the start of a down trend. >> you have the front cover, these are all good contra indicators. >> sorry, media friends. but this is not exactly the best of -- >> we always have timing. on today's show, we're in zurich where we hear from the ceo of ubs about the group's outlook. the swiss bank won to a loss in the fourth quarter. >> and is we'll head out to california for a look at the next offer. it's due to be released later today. we'll be live in madrid as the spanish prime minister's party pledges to fight corruption allegations that have prompted calls for his resition naz. >> and for its to earn its annual forecast on a weaker yen, we have i
we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that's a bump in the road or the start of a down trend. >> you have the front cover, these are all good...
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Feb 16, 2013
02/13
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on products and friends pointed the finger at another food-processing plant -- the go- ahead for the eu-wide dna testing. >> our inquiry shows they knew the meat labeled as beef could be horse meat -- at least they had a strong suspicion. >> horse meat in itself is as -- is not dangerous, and europe has clear rules on the food chain. of birth, the owner decides if an animal will end up on the dinner plate. it is all documented, including any medication administered. the revelation that horses were in millions of ready-to-eat meals has not just prompted moral objections. it has also raised fears of contamination through drugs. the scandal has also put the spotlight on the complex supply chains that bring food to europe's dinner tables. the scandal suggests they are hard to police and easy to manipulate. national authorities in the european union need to act fast to reassure consumers about what is in the food they eat. that is the call from a growing number of politicians, from britain to germany. >> this is not just about speed. we have to get quicker, but we also have to get better. that is
on products and friends pointed the finger at another food-processing plant -- the go- ahead for the eu-wide dna testing. >> our inquiry shows they knew the meat labeled as beef could be horse meat -- at least they had a strong suspicion. >> horse meat in itself is as -- is not dangerous, and europe has clear rules on the food chain. of birth, the owner decides if an animal will end up on the dinner plate. it is all documented, including any medication administered. the revelation...
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Feb 15, 2013
02/13
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on products and friends pointed the finger at another food-processing plant -- the go- ahead for the eu-wide dna testing. >> our inquiry shows they knew the meat labeled as beef could be horse meat -- at least they had a strong suspicion. >> horse meat in itself is as -- is not dangerous, and europe has clear rules on the food chain. of birth, the owner decides if an animal will end up on the dinner plate. it is all documented, including any medication administered. the revelation that horses were in millions of ready-to-eat meals has not just prompted moral objections. it has also raised fears of contamination through drugs. the scandal has also put the spotlight on the complex supply chains that bring food to europe's dinner tables. the scandal suggests they are hard to police and easy to manipulate. national authorities in the european union need to act fast to reassure consumers about what is in the food they eat. that is the call from a growing number of politicians, from britain to germany. >> this is not just about speed. we have to get quicker, but we also have to get better. that is
on products and friends pointed the finger at another food-processing plant -- the go- ahead for the eu-wide dna testing. >> our inquiry shows they knew the meat labeled as beef could be horse meat -- at least they had a strong suspicion. >> horse meat in itself is as -- is not dangerous, and europe has clear rules on the food chain. of birth, the owner decides if an animal will end up on the dinner plate. it is all documented, including any medication administered. the revelation...
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Feb 26, 2013
02/13
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and the eu have imposed sanctions to encourage them to abandon their nuclear ambitions. iranian leaders show little sign of slowing down their nuclear program. last week they announced the construction of new nuclear plans. >>> new u.s. secretary of state john kerry has sent a clear message to iran's leaders. he said their degrlegates must ready to compromise. he was in london on his first trip abroad. he met with british prime minister. kerry and hague said they agree that stopping the program is a priority. >> as we've repeatedly made clear the window for a diplomatic solution simply cannot by definition remain open forever. >> kerry also made a direct plea to syria's opposition leaders. last friday they said they will stay away from the meeting. the international community is not doing enough to challenge the assad regime. >>> israeli leaders are taking their own steps to make sure they are safe from a nuclear iran. they unveiled arrow 3 missile. it can shot down missiles in outer space. th they won't rule out military intervention. it can reach targets in israel. the
and the eu have imposed sanctions to encourage them to abandon their nuclear ambitions. iranian leaders show little sign of slowing down their nuclear program. last week they announced the construction of new nuclear plans. >>> new u.s. secretary of state john kerry has sent a clear message to iran's leaders. he said their degrlegates must ready to compromise. he was in london on his first trip abroad. he met with british prime minister. kerry and hague said they agree that stopping...
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Feb 7, 2013
02/13
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mark carney to sit down in his chair and begin that testimony, jean-claude junker says he expects the eu to real a deep on the budget today. juncker said the last of an agreement would be disastrous for the region. julia is in brussels. julia, are we going to get a budget? mr. cameron has said, look, i don't want it frozen, i want it cut. so what's going to happen? >> well, we're moving in the direction of cuts. i think the positive news is that if you compare what we were talking about in november, we've cut around 80 billion euros from the 1 trillion euro target that they were looking at back in november. so we are moving in the right direction, but with regard to the decision today, i think if you've been listening to angela merkel to david cameron himself and francois hollande this week, the indication is that perhaps we shouldn't be as optimistic as jean-claude juncker would have us believe, but someone has to fly the flag for europe and we like our posturing in europe. overall, what rewe looking at? germany, the uk, the nordic european countries are fighting for cuts, real term cut
mark carney to sit down in his chair and begin that testimony, jean-claude junker says he expects the eu to real a deep on the budget today. juncker said the last of an agreement would be disastrous for the region. julia is in brussels. julia, are we going to get a budget? mr. cameron has said, look, i don't want it frozen, i want it cut. so what's going to happen? >> well, we're moving in the direction of cuts. i think the positive news is that if you compare what we were talking about...
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Feb 12, 2013
02/13
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the eu secured council called an emergency meeting. chery joins us now from seoul. can you tell us first of all what the general reaction has been there and a lot bit about the impact of the economy. we're watching, for example, the south korea and won take a hit this morning. >> well within not much of a reaction on the kospi. it did end down just about 0.26% here. but i wouldn't say it's a big tumble and it is korean won gained. i think by now investors have learned that north korea related tensions and developments, geopolitical issues like this have had impact on the korean market. so that explains the absence of such strong reaction on the stock market. but the latest that we have on this development is that we have china's reaction to north korea's nuclear tests, as well. china's foreign ministry statement goes that it is china's firm stance to realize nonnuclearization for the korean peninsula and prevent a nuclear proliferation and maintain peace and stability in northeast asia. remember, china is north korea's probably one and only ally and that it's been p
the eu secured council called an emergency meeting. chery joins us now from seoul. can you tell us first of all what the general reaction has been there and a lot bit about the impact of the economy. we're watching, for example, the south korea and won take a hit this morning. >> well within not much of a reaction on the kospi. it did end down just about 0.26% here. but i wouldn't say it's a big tumble and it is korean won gained. i think by now investors have learned that north korea...
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Feb 19, 2013
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. >> new car registrations across the eu slumped to an all-time low in january. >>> government delays its decision on the next bank of japan governor. is this the beginning of a more moderate japanese agenda? >>> and we're live in milan as the italian electoral race enters the final stref. we'll hear just why the mayor will decide to vote. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. welcome to today's, a bit of a transport theme going on this morning. >> or lack thereof. >> well, there's bmw, has their recalled. you have to take your one and three series back. >> the thing about the bmw is people have to take them to the special bmw shop, anyway. when you have a recall like this, it's a pretty straightforward process for owners. >> then making a replica of the "titanic." some people are worried they're making it in a chinese shipyard. >> they're pitching this with "titanic" with a twist. some say the twist should be maybe this time it won't sink. >> they are going to do the original sailing route. what happens whe
. >> new car registrations across the eu slumped to an all-time low in january. >>> government delays its decision on the next bank of japan governor. is this the beginning of a more moderate japanese agenda? >>> and we're live in milan as the italian electoral race enters the final stref. we'll hear just why the mayor will decide to vote. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all...
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Feb 25, 2013
02/13
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we saw the eu downgrading france's budget deficit forecast last friday. the defense finance minister just came out and said we're maintain the cutting deficit concerns and 2013 will be a year of major structural reform in france. we'll see what he delivers. david einhorn has been pushing his own plan to get apple to unlock more cash by issuing p perpetual preferred shares. his request was denied to seek an advisory vote on executive pay. apple is holding its shareholder meeting on wednesday. sgha l. >>> ny capital is reportedly selling a bond trade. one of the companies that came to its rescue. the deal could be announced this week. it reportedly clus knight's institutional bond trading business. nye is pretty flat in frank frurt. still to come, plenty more to come with kelly in barcelona. in the meantime, head to our website for the latest in mobile trends. we want to know which trend you're most excited about, as well. e-mail us, or tweet us. still to come on the show, the blame game continues over deepwater wore rideson as bp heads to court today for a
we saw the eu downgrading france's budget deficit forecast last friday. the defense finance minister just came out and said we're maintain the cutting deficit concerns and 2013 will be a year of major structural reform in france. we'll see what he delivers. david einhorn has been pushing his own plan to get apple to unlock more cash by issuing p perpetual preferred shares. his request was denied to seek an advisory vote on executive pay. apple is holding its shareholder meeting on wednesday....
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Feb 26, 2013
02/13
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i'd love to know what they're going to say bearing in mind that they're not exactly pro eu parliament. so that will be fascinating, won't it? let's face it, anti-austerity was the theme of this. bearing in mind, we've got 50% of voters coming around to say grillo or berlusconi, we don't want aus tearpy. anyway, the bill fall guy in this election was the prime minister, the technocrat who ran, marto monte. let's hear what he's been saying in the aftermath of these electoral disaster. >> translator: it's still too early to consider any solution, nor does it rest upon me to find one. but right now, i consider it is essential that there's maximum transparency between the political forces because we're all faced with a very serious responsibility. the government must ensure responsibility for the entire country. >> okay. so more analysis. alana fred reeko joins us now. you've had a big meeting today already, loradonna. you shook my hand. lovely. thank you. no one else did today. what did you guys decide is the way forward? >> following the outcome of the italian election, the situation loo
i'd love to know what they're going to say bearing in mind that they're not exactly pro eu parliament. so that will be fascinating, won't it? let's face it, anti-austerity was the theme of this. bearing in mind, we've got 50% of voters coming around to say grillo or berlusconi, we don't want aus tearpy. anyway, the bill fall guy in this election was the prime minister, the technocrat who ran, marto monte. let's hear what he's been saying in the aftermath of these electoral disaster. >>...
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Feb 4, 2013
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you say you're cautious on some of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and felt good, trends were good and the eu kind of put the kibosh on ceo confidence and capital markets activity. i'm concerned about that. >> you seem less worried. >> we're more worried about the u.s. economy. i think what we're seeing now in the marketplace makes sense. we had the megabanks lead the rally late last year. we recently have switched to the regional banks outperforming the megabanks and now we're getting that normal consolidation period which is to be expected. look at the ten-year treasury yield, that's what we say. if above ten for first quarter -- above 2% for first quarter, then earni
you say you're cautious on some of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and...
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Feb 13, 2013
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he did lay out things like trade agreement with the eu, natural gas, in terms of balancing the budget, how you do that. probably disagreement how he gets there and talked about manufacturing and immigration. seems like a few ideas some business leaders could get on board. from the business roundtable they liked immigration and natural gas parts. obviously, there's a lot of other stuff in there they didn't lik like. >> personally, i can't believe in 2013 we're still having an immigration discussion. >> yeah. >> i think this whole matter should have been resolved years ago. i still think it should be resolved and resolved quickly. thick this who i think this whole focus protecting the border, et cetera. nobody's coming to the united states anymore. the jobs aren't here. in reference to your comments about the president's speech last night, i think this whole direction of renaissance of manufacturing is wonderful. it's terrific. the only problem is we don't have the talented -- we don't have the bodies. so if i were betting, i would say the more the president encoura encourages domestic
he did lay out things like trade agreement with the eu, natural gas, in terms of balancing the budget, how you do that. probably disagreement how he gets there and talked about manufacturing and immigration. seems like a few ideas some business leaders could get on board. from the business roundtable they liked immigration and natural gas parts. obviously, there's a lot of other stuff in there they didn't lik like. >> personally, i can't believe in 2013 we're still having an immigration...
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Feb 21, 2013
02/13
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this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the decision to sell has been driven by the trustee who own tess state of the former ceo and chairman. peemp say it could fetch mother than
this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's...
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Feb 1, 2013
02/13
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. >>> a bit of news out from google concerning the eu. it is now analyzing google proposals. no word on when they may finish analyzing it. >>> goombling, casinos took in $3.4 billion, up 7% from a year ago. but below forecasts of 10% to 12% growth. analysts attribute the low numbers to the traditional lull before the new year. this is all in macau, of course. these vip gamblers have scaled back their betts last year because of the uncertain economic outlook and the clampdown on corruption. in the auto world, toyota says its china sales are looking up. the world's largest carmaker sold more than 72,000 vehicles in china in january. that's up 24% from a year ago. it was toyota's first year on year growth since june 2012 in the country. anti-japanese sentiment has been hurting sales in china. but on the domestic front, toyota sales slipped 15% in january as government incentives expired. honda suffered an even steeper 53% drop. and staying with japan, we're seeing a couple of old school japanese electronics. toshiko has the story for us. >> hi, ross. struggling japanese electron
. >>> a bit of news out from google concerning the eu. it is now analyzing google proposals. no word on when they may finish analyzing it. >>> goombling, casinos took in $3.4 billion, up 7% from a year ago. but below forecasts of 10% to 12% growth. analysts attribute the low numbers to the traditional lull before the new year. this is all in macau, of course. these vip gamblers have scaled back their betts last year because of the uncertain economic outlook and the clampdown...
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Feb 28, 2013
02/13
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that some kind of special actions, for instance, or giving special job opportunities for -- and the eu commission is already discussing this i think this is something that has to be added, and that, i hope, will also increase the understanding of the population of these countries. >> what do you think about what the bank of japan is doing right now with its policies, really pressuring the yen, that adds pressure, in turn, to the euro, which has pushed higher, versus the yen on these things, the u.s. watches that very closely. what do you think of their policy? >> yes, of course, we do watch it. but i think it's much overblown to speak of the currency war, something like that. what we observe is that the japanese central bank, the japanese government, wants to avoid the deflationary development, which i think makes a lot of sense. so i'm not too much concerned about that. >> so it's not a beggar thy neighbor policy at this point with the central banks around the globe? >> no. if it really leads to higher growth, that is the intention to have, then it's not beggar thy neighbor, then it's
that some kind of special actions, for instance, or giving special job opportunities for -- and the eu commission is already discussing this i think this is something that has to be added, and that, i hope, will also increase the understanding of the population of these countries. >> what do you think about what the bank of japan is doing right now with its policies, really pressuring the yen, that adds pressure, in turn, to the euro, which has pushed higher, versus the yen on these...
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Feb 8, 2013
02/13
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there hasn't been a ton of move responding to the eu budget meeting which is reportedly winding up right now. there has been a lot of auction. adding 20% candidate as i can see here. the stoxx 600 is adding about 0.5% all told. take a look at this, bwin.com, there's talks about new jersey governor chris christie opening up online gaming. it leaves the possibility out there for atlantic city casinos to offer games like poker online. so bwin has a join venture with boyd gaming which is licensed in new jersey. and the view among analysts is that other states, potentially federal legislation could follow suit. this is a small step in the direction of perhaps allowing more and more of the u.s. market to gamble online, like you can already with this one. up 19%. watch shares generally speaking in the gaming session today because you can expect there will probably be some similar moves. just the final word, we saw the yen strengthening avenue the yen appeared to talk down some of its easing moves. the yen was still 1% stronger. the nikkei ended the day 12-day winning streak with one of its long
there hasn't been a ton of move responding to the eu budget meeting which is reportedly winding up right now. there has been a lot of auction. adding 20% candidate as i can see here. the stoxx 600 is adding about 0.5% all told. take a look at this, bwin.com, there's talks about new jersey governor chris christie opening up online gaming. it leaves the possibility out there for atlantic city casinos to offer games like poker online. so bwin has a join venture with boyd gaming which is licensed...
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Feb 12, 2013
02/13
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/eu free trade agreement. >> i disagree with that. >> they have big deficiencies, and actually a bulwark on standard setting -- >> you disagree with the idea of trade -- >> no i definitely think trade boosts growth and want to see more net exports. what i have never seen is a connection between free trade agreements and an increase in our gdp or even our positive trade balance. more often than not -- >> when you look at nafta, haven't they finally concluded that there were more jobs created here because we were selling more? >> no, in fact, nafta is a -- nafta is a good example -- >> trade balance with mexico went negative. i'm saying after nafta our trade deficit with mexico went from positive to negative. >> nothing happens in a vacuum. >> it's a -- >> but -- >> current -- >> intellectually -- >> don't you know that free trade -- >> absolutely. i'm all for free trade. the nafta we were just talking about, it was 1200 pages. it actually doesn't take that long to write a free trade agreement. the nafta and many others -- >> that was shorter than the health care reform bill? >> you know,
/eu free trade agreement. >> i disagree with that. >> they have big deficiencies, and actually a bulwark on standard setting -- >> you disagree with the idea of trade -- >> no i definitely think trade boosts growth and want to see more net exports. what i have never seen is a connection between free trade agreements and an increase in our gdp or even our positive trade balance. more often than not -- >> when you look at nafta, haven't they finally concluded that...
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Feb 26, 2013
02/13
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reforms going, getting some -- doing some of the things necessary to live up to their commitment to the eu. does this throw a wrench into the works? >> i think we should be thinking about it. the somewhat untold story is that -- >> you heard of this guy before this? >> absolutely. >> was he funny. >> he's funny. it would be a little bit like -- >> jackie mason? >> no -- >> seinfeld. >> robin williams or somebody. he was big in the '80s this guy. he also has been a big part of the political satire, all the rest of it. very, very bright guy. but you know, it's almost an a listic party. it's july real just truly a protest vote. to my knowledge it's gotten over 25% of the vote, the latest thing i've seen. monti is the best of the best. i honestly believe that is one of the, you know, on democracies it's easier to give stuff away. >> two years ago he had just started and i asked why are these pictures of monti in a beach chair. and they all said send monti to the beach. that was two years ago. >> yeah, he's only been in there a group -- grillo is moving. five-star movement is only three years o
reforms going, getting some -- doing some of the things necessary to live up to their commitment to the eu. does this throw a wrench into the works? >> i think we should be thinking about it. the somewhat untold story is that -- >> you heard of this guy before this? >> absolutely. >> was he funny. >> he's funny. it would be a little bit like -- >> jackie mason? >> no -- >> seinfeld. >> robin williams or somebody. he was big in the '80s this...
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Feb 18, 2013
02/13
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FOXNEWS
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it is recognized as a terrorist group not only by the united states but eu and countries around the world. it committed atrocities in around the world. most recently in bulgaria tourists were attacked. what happened in the arab spring, hamas shifted into iran's orbit to take on new patrons. those new patrons are turkey, egypt and qatar. those countries like iran are u.s. allies. jenna: why are they helping hamas? why are they patrons of a terrorist organization? >> they see the opportunity to weaken iran. how can we weaken iran? one way in syria they're taking another one of iran's allies which is the regime of bashar assad and second taking iran out of the orbit or taking hamas out of iran's orbit. jenna: so we see turkey, qatar, egypt, supporting hamas, a terrorist organization. in some ways we see that as potentially positive because iran is not so much a factor but what's in it for turkey and egypt and qatar to listen to us and not support this terrorist group when they obviously, there's parts at that of that terrorist group they like the mischief it is creating? >> i think it is two
it is recognized as a terrorist group not only by the united states but eu and countries around the world. it committed atrocities in around the world. most recently in bulgaria tourists were attacked. what happened in the arab spring, hamas shifted into iran's orbit to take on new patrons. those new patrons are turkey, egypt and qatar. those countries like iran are u.s. allies. jenna: why are they helping hamas? why are they patrons of a terrorist organization? >> they see the...
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Feb 15, 2013
02/13
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. >> we have scotland and then we will have the eu probably about 16 or 17 after the next -- >> i've invited you to be the 51st state over here. >> that's all you will be over here. >> you try to tax us without representation, we'll try to -- >> it's a good number. >> martin b what do you think about the referendum? >> i got myself into trouble by saying that it increases uncertainty. it's what i called the fifth grace one and so there's more uncertainty now. from a political point of view, there's -- >> because of the referendum? right. the prime minister made the right decision. the uk sort of right wing party, it liked the tea party, i guess, in some respects has gained 16% of the vote according to the polls. take more from the trres or from labor. so i think the prime minister was concerned about that. having a referendum laid it out. we did some polling, online polling after the speech. they thought the referendum was right. content of the speech was good, they would vote for the coming out of. there's a lot of work to be done until we get to the referendum what does it mean tor
. >> we have scotland and then we will have the eu probably about 16 or 17 after the next -- >> i've invited you to be the 51st state over here. >> that's all you will be over here. >> you try to tax us without representation, we'll try to -- >> it's a good number. >> martin b what do you think about the referendum? >> i got myself into trouble by saying that it increases uncertainty. it's what i called the fifth grace one and so there's more...
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Feb 23, 2013
02/13
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-eu trade ownership. we could not agree more. let's hurry up and put american business to work. let's get these deals done. by the way, it is not just about asia. it includes all the coasts of the united states and canada and america. it is fascinating. need to get this going and move that european deal. the working group is about to put out a report. i think it will probably sustain the best teams we can think about. let me give you this in a minute. europe is in a slow economy. europe is our largest export partner. europe is china's largest export your. china is our fastest growing export partner. if europe goes into the can, the whole triangle goes inhe can. that is bad idea. this would be huge on both sides of the pond. there are a lot of big trade agreements that have been talked about or a long time. these would put cash on the table right now. it is important that we welcome global investment. we want people to bring their cash here. come here and invest or come here and visit. the terrorism is a great way -- tourism is a great way. we like that. st people do not understa
-eu trade ownership. we could not agree more. let's hurry up and put american business to work. let's get these deals done. by the way, it is not just about asia. it includes all the coasts of the united states and canada and america. it is fascinating. need to get this going and move that european deal. the working group is about to put out a report. i think it will probably sustain the best teams we can think about. let me give you this in a minute. europe is in a slow economy. europe is our...